Moody's Raises FY23 Adjusted EPS Outlook To $9.75-$10.25 from prior $9.50-$10.00 ($9.94 Est), Revenue To Increase In High-Single-Digit Percent Range from prior Mid-To-High-Single-Digit Percent Range ($5.89B Est)
Portfolio Pulse from Benzinga Newsdesk
Moody's has raised its FY23 adjusted EPS outlook to $9.75-$10.25 from the previous $9.50-$10.00, exceeding the estimated $9.94. The company also expects revenue to increase in the high-single-digit percent range, up from the previous mid-to-high-single-digit percent range, surpassing the estimated $5.89B.
July 25, 2023 | 11:10 am
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Moody's has raised its FY23 earnings outlook, which is expected to positively impact its stock price in the short term.
Moody's has raised its FY23 earnings outlook, which is a positive signal for investors. This indicates that the company is performing well and is expected to continue doing so, which could lead to an increase in its stock price.
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